I watched a japanese film called Vexville recently and thought it was pretty cool. The animation was semi cell shaded but more 3D. This is what I imagine Borderlands will look like. Really hope this game plays and feels like a Diablo 3D in a Wasteland universe.

Edit: You also can't help but get the feeling it will have that old west accent kind of like Firefly. I am actually looking forward to this title.